National Accounts
Public Finance
BoP and Foreign Trade
Prices and Rates
Monetary Survey

 

BALANCE OF PAYMENTS AND FOREIGN TRADE

Data source: Central Bank of Armenia and International Trade Center

Calculations and data processing: Economic Development and Research Center (EDRC)

Data were updated on May 10, 2017.

Note: According to the revisions implemented in the Balance of Payments of RA since 2004, the comparability with some indicators for the previous years decreased.


 

Figure 1. Foreign trade of Armenia
Table 1. Balance of Payments, USD mln
Table 2. Balance of Payments, % of GDP
Table 3. Armenian imports from the largest partner countries
Table 4. Armenian exports to the largest partner countries
Table 5. Largest import item groups
Table 6. Largest export item groups

  

Figure 1. Foreign trade of Armenia, USD mln

 

Table 1. Balance of Payments, USD mln

 

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

 CURRENT ACCOUNT

-220.7

-301.7

-123.9

-1,658.9

-1,425.5

-1,261.4

-1,058.9

-1,057.9

-812.9

-883.1

-279.1

-285.5

 Current Account (excluding current transfers)

-239.0

-387.2

-509.7

-2,347.9

-1,923.4

-1,774.0

-1,643.3

-1,682.6

-1,517.0

-1,523.8

-699.7

-677.6

 Goods and Services

-445.6

-531.8

-782.6

-3,127.5

-2,366.3

-2,326.5

-2,175.6

-2,213.5

-2,320.5

-2,168.4

-1,280.9

-1,068.3

   Exports of goods and services

 303.6

 454.2

 1,458.8

 1,943.6

 1,559.3

 2,210.7

 2,742.2

 2,917.9

 3,155.9

 3,318.9

 3,136.6

 3,500.7

   Imports of goods and services

 749.3

 986.0

 2,241.4

 5,071.1

 3,925.6

 4,537.2

 4,917.8

 5,131.4

 5,476.4

 5,487.3

 4,417.6

 4,569.0

 Goods

-399.0

-466.9

-634.7

-2,816.3

-2,090.0

-2,065.7

-2,109.8

-2,111.9

-2,196.2

-2,055.4

-1,186.4

-944.4

   Exports of goods

 275.0

 313.8

 1,028.7

 1,106.3

 773.6

 1,197.5

 1,431.6

 1,515.7

 1,635.9

 1,698.1

 1,623.9

 1,890.7

   Imports of goods

 674.1

 780.7

 1,663.4

 3,922.6

 2,863.6

 3,263.2

 3,541.4

 3,627.6

 3,832.0

 3,753.6

 2,810.3

 2,835.1

 Services

 -46.6

-64.8

-147.9

-311.2

-276.3

-260.8

-65.8

-101.6

-124.3

-113.0

-94.5

-123.9

   Exports of services

 28.6

 140.4

 430.1

 837.3

 785.7

 1,013.2

 1,310.6

 1,402.2

 1,520.0

 1,620.7

 1,512.7

 1,610.0

   Imports of ervices

 75.2

 205.3

 578.1

 1,148.5

 1,062.0

 1,274.0

 1,376.4

 1,503.8

 1,644.4

 1,733.7

 1,607.3

 1,733.9

 Income

 39.5

 59.0

 206.0

 691.3

 358.8

 458.3

 360.1

 423.1

 682.6

 540.8

 435.4

 221.4

 Current transfers

 18.4

 85.5

 385.8

 689.1

 497.9

 512.6

 584.5

 624.7

 704.1

 640.7

 420.6

 392.2

 CAPITAL ACCOUNT

 8.1

 13.0

 84.0

 171.4

 87.9

 98.9

 94.6

 108.4

 84.4

 70.4

 65.3

 34.9

 FINANCIAL ACCOUNT

-199.2

-216.1

-203.3

-1,528.8

-1,440.0

-1,318.5

-1,000.9

-758.7

-1,027.6

-845.5

-380.4

-459.8

 Net errors and omissions

 13.4

 72.6

-163.4

-41.4

-102.4

-155.9

-36.7

 190.7

-299.1

-32.8

-166.6

-209.2

 

Table 2. Balance of Payments, % of GDP

 

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

 CURRENT ACCOUNT

-17.1

-15.8

-2.5

-14.2

-16.5

-13.6

-10.4

-10.0

-7.3

-7.6

-2.7

-2.7

 Current Account (excluding current transfers)

-18.6

-20.3

-10.4

-20.1

-22.2

-19.2

-16.2

-15.8

-13.6

-13.1

-6.6

-6.4

 Goods and Services

-34.6

-27.8

-16.0

-26.8

-27.4

-25.1

-21.5

-20.8

-20.9

-18.7

-12.2

-10.1

   Exports of goods and services

 23.6

 23.8

 29.8

 16.7

 18.0

 23.9

 27.0

 27.5

 28.4

 28.6

 29.8

 33.2

   Imports of goods and services

 58.2

 51.6

 45.7

 43.5

 45.4

 49.0

 48.5

 48.3

 49.2

 47.3

 42.0

 43.3

 Goods

-31.0

-24.4

-13.0

-24.1

-24.2

-22.3

-20.8

-19.9

-19.7

-17.7

-11.3

-9.0

   Exports of goods

 21.4

 16.4

 21.0

 9.5

 8.9

 12.9

 14.1

 14.3

 14.7

 14.6

 15.4

 17.9

   Imports of goods

 52.4

 40.8

 33.9

 33.6

 33.1

 35.2

 34.9

 34.2

 34.5

 32.3

 26.7

 26.9

 Services

-3.6

-3.4

-3.0

-2.7

-3.2

-2.8

-0.6

-1.0

-1.1

-1.0

-0.9

-1.2

   Exports of services

 2.2

 7.3

 8.8

 7.2

 9.1

 10.9

 12.9

 13.2

 13.7

 14.0

 14.4

 15.3

   Imports of ervices

 5.8

 10.7

 11.8

 9.8

 12.3

 13.8

 13.6

 14.2

 14.8

 14.9

 15.3

 16.4

 Income

 3.1

 3.1

 4.2

 5.9

 4.1

 4.9

 3.6

 4.0

 6.1

 4.7

 4.1

 2.1

 Current transfers

 1.4

 4.5

 7.9

 5.9

 5.8

 5.5

 5.8

 5.9

 6.3

 5.5

 4.0

 3.7

 CAPITAL ACCOUNT

 0.6

 0.7

 1.7

 1.5

 1.0

 1.1

 0.9

 1.0

 0.8

 0.6

 0.6

 0.3

 FINANCIAL ACCOUNT

-15.5

-11.3

-4.1

-13.1

-16.7

-14.2

-9.9

-7.1

-9.2

-7.3

-3.6

-4.4

 Net errors and omissions

 1.0

 3.8

-3.3

-0.4

-1.2

-1.7

-0.4

 1.8

-2.7

-0.3

-1.6

-2.0

 

Table 3. Armenian imports from the largest partner countries, USD mln

Country

2001

2005

2010

2011

2012

2013

2014

2015

2016

 Russian Federation

166.2

250.6

828.3

885.4

1052.4

1104.5

1069.3

991.1

995.4

 China

2.1

26.1

402.1

402.5

397.1

383.5

414.4

315.5

355.8

 Iran, Islamic Republic of

72.8

101.0

217.7

217.0

219.5

187.6

206.4

198.3

163.9

 Turkey

29.0

53.1

210.5

240.4

213.1

210.2

230.9

136.5

162.2

 Germany

31.9

98.9

155.9

162.4

168.9

175.9

175.7

182.1

161.9

 Italy

28.6

44.6

121.1

167.8

166.6

162.9

178.8

148.1

128.2

 Ukraine

22.0

67.2

229.5

232.1

215.9

226.3

201.8

124.6

101.7

 Georgia

12.9

39.3

49.7

59.4

48.5

65.3

71.2

66.7

97.6

 United States of America

83.5

103.2

101.5

133.0

129.9

118.8

112.7

105.1

84.3

 India

5.1

10.7

45.9

68.7

69.5

67.4

63.4

52.3

71.8

 Belgium

41.7

158.4

71.3

64.4

73.7

73.2

89.1

49.4

58.0

 United Arab Emirates

44.5

85.4

36.3

49.1

47.8

67.4

67.5

43.6

55.4

 Brazil

0.2

2.7

51.3

83.3

93.1

87.3

91.4

61.4

53.0

 France

11.9

38.4

76.4

81.3

66.2

62.6

78.7

64.9

52.7

 Switzerland

28.3

87.9

69.5

78.3

87.0

172.3

146.0

51.6

47.4

 Poland

2.4

4.2

29.8

35.4

41.7

43.1

47.2

34.0

36.1

 Bulgaria

6.2

11.1

112.4

102.2

86.4

68.3

25.5

26.0

34.0

 Japan

2.9

2.6

55.6

40.9

63.5

45.9

43.8

45.6

30.9

 Netherlands

6.7

11.6

23.0

36.2

36.0

34.0

46.8

29.1

28.0

 United Kingdom

91.2

91.1

34.6

39.9

36.5

44.6

49.3

26.1

26.8

 Total selected countries

690.2

1288.3

2922.4

3179.8

3313.2

3400.9

3409.8

2752.0

2745.1

 Total imports

837.5

1691.5

3781.8

4109.3

4266.9

4256.2

4159.5

3257.0

3230.1

 

Table 4. Armenian exports to the largest partner countries, USD mln

Country

2001

2005

2010

2011

2012

2013

2014

2015

2016

 Russian Federation

57.7

115.8

159.9

220.9

277.9

331.9

304.6

225.9

370.9

 Bulgaria

0.3

0.8

156.5

152.2

129.3

152.2

85.6

78.9

152.4

 Georgia

11.9

34.1

48.2

55.0

78.0

75.2

65.9

114.0

142.5

 Canada

0.9

11.4

29.6

70.3

85.0

87.4

93.3

112.1

139.9

 Germany

10.9

146.7

132.6

157.8

153.0

85.5

158.5

145.0

138.7

 Iraq

0.0

0.0

0.4

4.9

15.7

47.7

80.6

130.7

137.9

 China

0.1

9.2

30.9

16.3

31.0

68.8

171.0

165.2

96.4

 Iran, Islamic Republic of

31.5

24.9

39.6

94.3

94.2

85.9

83.7

77.9

74.7

 Switzerland

23.0

34.6

16.9

33.7

71.4

24.7

14.0

40.8

74.6

 United Arab Emirates

7.2

10.2

8.0

9.7

9.2

9.4

12.0

11.1

63.5

 Hong Kong, China

2.4

0.2

0.3

3.1

1.4

0.7

1.0

5.2

57.6

 Netherlands

1.2

130.1

98.6

117.2

79.7

66.4

74.2

47.3

50.8

 Belgium

46.5

124.5

72.5

70.5

127.2

131.1

62.4

47.5

41.5

 United States of America

51.5

61.6

82.3

100.4

87.3

88.4

87.1

54.0

37.9

 Italy

6.0

25.4

4.8

4.6

7.7

23.1

34.5

49.0

31.8

 Syrian Arab Republic

0.1

0.5

0.1

0.0

0.2

2.9

18.5

25.4

28.2

 Romania

0.0

0.3

0.3

0.5

0.6

0.1

0.1

38.4

26.6

 Poland

0.0

0.7

2.1

0.9

0.6

1.1

3.6

14.6

18.8

 Area Nes

1.4

1.4

31.3

31.5

32.1

16.5

18.2

8.3

14.7

 Belarus

1.2

2.5

4.6

5.8

6.5

8.6

9.0

5.5

14.1

 Total selected countries

253.9

735.0

919.6

1149.6

1287.9

1307.6

1377.8

1396.8

1713.7

 Total exports

335.8

937.0

1011.4

1320.4

1428.1

1467.8

1490.2

1482.7

1775.6

 

Table 5. Largest import item groups, USD mln

 Code

Product

2001

2005

2010

2011

2012

2013

2014

2015

2016

 2711

Natural and liquid gas

85.6

96.9

339.5

411.7

520.3

575.6

467.3

432.9

355.5

 2710

Oil and oil products

88.1

155.5

304.1

370.9

360.5

341.6

321.2

217.4

198.5

 7102

Diamonds

86.0

270.8

93.9

126.7

96.8

116.4

148.3

87.4

130.0

 3004

Medicine (weighted and packed)

27.4

42.9

80.2

91.5

94.6

109.6

101.0

93.9

93.5

 8517

Telephone (mobile) devices and other transmitting devices

6.5

15.8

81.4

79.1

69.4

48.9

59.2

46.1

90.0

 2401

Tobacco leave, waste

4.1

5.4

16.1

18.4

21.4

47.0

38.3

42.5

60.1

 1001

Wheat and meslin

42.4

47.9

87.9

90.6

131.8

108.7

100.8

70.6

58.2

 2208

Ethyl spirit and alcoholic beverages

1.0

9.1

29.6

27.5

38.7

40.8

38.9

33.7

47.2

 7601

Unwrought aluminium

0.0

0.0

92.6

71.6

63.4

53.3

57.7

59.5

46.1

 3102

Mineral or chemical nitrogenous fertilisers

3.3

6.1

10.5

13.4

22.6

21.8

17.6

21.5

42.9

 2402

Cigars, cigarillos, cigarettes

25.7

42.9

64.7

56.3

53.0

60.0

43.7

43.3

40.7

 8703

Motor cars

7.3

37.6

59.2

76.7

60.3

61.6

60.8

87.9

40.3

 5502

Artificial filament tow

0.0

1.5

1.9

8.0

11.3

12.7

20.5

31.6

39.9

 1806

Chocolate and other cocoa containing food

4.4

12.4

35.9

38.3

39.7

42.4

38.6

37.6

36.7

 8471

Automatic data processing machines and units thereof

8.2

14.5

47.1

38.4

42.2

39.1

38.1

24.3

27.8

 Total for selected

390.1

759.5

1344.3

1519.1

1625.8

1679.5

1552.1

1330.1

1307.4

 Total imports

837.5

1691.5

3781.8

4109.3

4266.9

4256.2

4159.5

3257.0

3230.1

 

Table 6. Largest export item groups, USD mln

 Code

Product

2001

2005

2010

2011

2012

2013

2014

2015

2016

 2603

Copper ores and concentrates

11.7

16.6

210.6

260.6

227.6

279.9

235.9

316.6

356.7

 2402

Cigar, Cigarillo, Cigarettes

1.8

3.2

8.2

16.3

41.8

68.0

115.9

170.5

210.5

 2208

Ethyl spirit, spirit tincture, liqueur and other alcoholic drinks

36.0

79.9

95.7

131.2

164.8

186.2

163.7

92.5

152.3

 7108

Gold

19.2

36.5

28.6

67.3

77.5

73.6

81.9

98.9

131.2

 7102

Diamonds

85.8

263.0

90.3

113.7

79.1

88.1

118.0

77.3

104.7

 7607

Aluminium foil

6.2

0.2

78.5

87.0

81.1

80.4

88.5

82.9

78.7

 7115

Articles of precious metal or of metal clad with precious metal

0.0

0.7

0.0

0.0

0.0

0.0

0.0

4.6

78.5

 7402

Non-refined copper, copper anode for electrolytic process

9.7

42.7

92.6

114.6

104.8

90.2

71.8

65.5

62.6

 7202

Ferro-alloys

6.2

235.3

119.6

121.3

106.8

102.4

109.7

55.5

60.6

 2716

Electricity

16.6

17.9

26.2

87.5

95.2

78.0

81.3

77.5

60.4

 2616

Precious-metal ores and concentrates

0.1

0.0

0.5

0.2

24.9

0.0

32.7

31.6

33.2

 0702

Tomatoes, fresh or chilled

0.0

0.0

0.5

0.0

0.0

0.6

0.2

1.5

22.7

 6201

Men's or boys' overcoats, cloaks etc., not knitted or crocheted

2.2

0.3

0.6

1.3

5.2

11.6

14.4

18.5

20.8

 6203

Men's or boys' suits, ensembles etc., not knitted or crocheted

2.2

0.4

1.3

2.1

6.5

9.7

11.7

16.3

20.5

 7113

Articles of jewellery & parts

15.5

34.0

13.2

12.2

13.2

21.3

21.5

18.1

18.2

 Total for selected

213.4

730.6

766.5

1015.4

1028.5

1090.0

1147.2

1127.9

1411.5

 Total exports

335.8

937.0

1011.4

1320.4

1428.1

1467.8

1490.2

1482.7

1775.6